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Insights into SPIEF 2024: Shifting Pathways Towards Global South

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SPIEF 2024

By Kestér Kenn Klomegâh

Conceptually, the idea of holding every year an international economic forum is unique to explore and navigate available potential opportunities generally for development and specifically for investment and trade. Established several years ago, the St. Petersburg International Economic Forum (SPIEF) has earned its unique achievements through organisational strategy and consistent approach toward this serious gathering.

While analysing several emerging reports, first and foremost it offers us to understand the significance of this platform. It provides a unique opportunity for politicians, investors and corporate business executives as well as the young generation to interact network and ask questions to opinion leaders or trade experts, and to get better acquainted with the changing trends, investment climate adherence to traditional values, and adapting to diversities in business culture on the global landscape.

At the initial formative stages, SPIEF’s focus was largely on the United States and Europe as conceptualized, the nucleus results must harmonise trade and financial flows, and reflect on economic growth. After the Soviets crumbled and what else, the rising frequency of shuttling to the United States and Europe – Russia’s dream of becoming part of Europe. But that has changed during the past few years primarily due to the ‘special military operation’ in Ukraine and due to the sudden geopolitical shift, the urge to move away from Global North to Global South. Without mincing words here, that is the undeniable reality.

President of the Russian Federation Vladimir Putin posted a greeting on his official website to the participants, organizers and guests underscoring the fact that the time has arrived to make the necessary departure away from the United States and Europe, and that “Russia is open to constructive dialogue and interaction with friendly partners” and strictly based on the principles of true equality, the consideration of each other’s legitimate interests, and respect for the cultural and civilizational diversity of states and peoples.

Putin has previously used his address to share his assessment of the global economy and highlight issues on the domestic business agenda. He pointed to the fact that it is not only essential to maintain a stable trajectory of qualitative growth but also to capitalize on emerging opportunities, effectively develop competitive advantages, and boost potential in the fields of science and technology. Given this, it is crucial to preserve and strengthen business and investment ties between countries within the context of multipolar conditions.

The fact remains that Putin’s position overwhelmingly reflects the shift away from the post-Soviet dream of becoming part of prestigious Europe. As evolving developments show, the only alternative left for Russia is to become an indivisible part of Asia, an integral constituent of the Global South. Russia has invited Asian and African countries under the tagline: ‘The Foundation of New Areas of Growth as the Cornerstone of a Multipolar World’ at the 27th gathering June 6 to 8 in St. Petersburg, the second largest city in the Russian Federation.

By Russia’s BRICS chairmanship, much of the business programme is devoted to issues related to long-term cooperation in spheres such as the financial and banking sectors, investment and trade, development of high technologies and pharmaceutical industry between BRICS members. China and India, the United Arab Emirates and Iran are prominent on the agenda. Ethiopia, Egypt and South Africa have their positions and expectations from SPIEF.

Currently, due to global rivalries combined with political and economic tensions, Russia faces new ambitious tasks, including perceptions over the development of a ‘public-private partnership’ as the macroeconomic situation remains the practical key mechanism of interaction between the state and business. Here, Russia is relatively lost in the standard practice of private businesses, after its century-long under socialism and communism. In an assessment, corporate businesses are still centrally controlled under the ministries and in the Kremlin. The learning process of analytical and the importance of ‘public-private partnership’ for now is just a daily business slogan and a theory being frequently chuckled in the Russian Federation.

The biggest obstacle is related to the analysis of legal rules and regulations, and now Russia’s relations with the Global South, its characteristic efforts in creating the necessary conditions for advancing and attracting investments and promoting trade between Russia and potential countries in Asia-Pacific and Africa. Beyond business networking and participating in practical seminars and masterclasses, ultimately results in signing agreements. On the other hand, according to expert analysts, multiple agreements highlight distinctive achievements by the St. Petersburg International Economic Forum.

“Stability and justice in a multipolar world are only possible if new centres of influence emerge, capable of offering their view on world problems and participating in the formation of a new world order. The development of new points of growth requires the active participation of different countries and regions that are ready to take responsibility for their future. The St. Petersburg International Economic Forum creates opportunities for discussions at the highest level, scaling ideas, solutions and initiatives to all spheres of social life and activities of the countries participating in its work,” said Anton Kobyakov, Adviser to the President of the Russian Federation, Executive Secretary of the SPIEF Organizing Committee.

According to Anton Kobyakov, about “6,000 people from more than 110 countries and territories have already confirmed their intention to participate in the forum. The international cooperation that occurs at SPIEF plays a key role in the development of mutually beneficial relations between countries and organizations. Participants share their experiences and make new connections. This builds trust between nations, expands markets, attracts investment, and creates a more favourable international economic environment. SPIEF is a platform for structured, focused dialogue between global business participants and government officials who contribute to the development of effective international cooperation.”

The programme consists of four (4) thematic tracks: “The Transition to a Multipolar World Economy”, “Goals and Objectives of Russia’s New Economic Cycle”, “Technologies for Leadership”, “A Healthy Society, Traditional Values and Social Development: The Priority of the State”. Roscongress Foundation, the organizer, has listed an international track which includes more than 10 business dialogues: EAEU–ASEAN, Russia–Africa, Russia–Latin America, Russia–China, Russia– South Africa, and other bilateral meetings.

More than 6,000 representatives of Russian and foreign businesses from over 3,000 companies located in 75 countries and territories took part in SPIEF 2023. More than 900 agreements worth a total of RUB 3,860 billion were signed (including 43 agreements with representatives of foreign companies, among them two with Italy and Spain.

In contrast, the SPIEF 2021 saw an unprecedented 890 agreements signed, eclipsing 2019’s 745 agreements worth a total of RUB 3.271 trillion. In addition, more than 150 international agreements were signed. That year, the total value of signed agreements not classed as confidential exceeded RUB 4.2666 trillion. Before Covid-19 was declared a pandemic in December, the SPIEF 2019 recorded 745 agreements signed totalling 3.271 trillion roubles.

The main theme of this year’s forum is “The Formation of New Areas of Growth as the Cornerstone of a Multipolar World” and the SPIEF 2024, as always, the business programme includes panel discussions, round tables, public talks, and speeches. President Vladimir Putin delivers the keynote address full of all directions, including establishing trends and external economic relations. The St. Petersburg International Economic Forum will be held on 5–8 June at the ExpoForum Convention and Exhibition Centre.

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Essent Slashes Contact Centre Technology Costs by 50%

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Essent Energy provider

By Modupe Gbadeyanka

The Netherlands’ largest energy provider, Essent, has cut the technology costs of its contact centre infrastructure by half.

The organisation, which serves 2.5 million customers, recorded zero critical incidents post-migration and improved agent workplace satisfaction by 36 per cent.

The migration was delivered in partnership with AI-first customer experience transformation specialists, Sabio Group, and was completed in under 12 weeks for an operation spanning over 1,000 agents across two locations.

Agents were forced to juggle multiple disconnected screens simultaneously — a workflow that was as inefficient as it was stressful.

“Our agents were constantly working with different screens — multiple chat instances open at once, multiple agent desktop instances. It was messy, and in some cases, quite stressful,” SAFe Product Manager for Customer Interaction, Omnichannel and Digital Transformation at Essent, Michiel Kouijzer, stated.

“A lot of colleagues were saying I was mad for even suggesting this approach. It kind of feels like a victory on a personal level that it did work out. You just have to be a little ambitious — and have the right expert partner who can make it work,” Kouijzer added.

With stable cloud infrastructure now firmly in place, Essent is turning its attention to the capabilities that were impossible in its legacy environment: AI-powered call summarisation, agentic customer self-service, and next-generation workforce optimisation.

Rather than a reckless ‘big bang’ cutover that could have affected service to millions of households, Sabio engineered a phased migration strategy — beginning with Essent’s SME segment to validate technical readiness before scaling to the full enterprise operation.

“This project showcases Sabio’s unique position in the contact centre technology landscape. We’re not just moving Essent to the cloud — we’re establishing a foundation for continuous improvement in their customer experience delivery,” the Country Manager for Sabio Group Benelux, Wouter Bakker, commented.

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Africa: A New Market for Russian Business

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New Market for Russian Business

By Kestér Kenn Klomegâh

On April 11, the presentation of the book “Africa: a new market for Russian business” took place, which aroused lively diverse interests among business representatives, entrepreneurs and employees of federal structures of Russia. The event was dedicated to discussing the prospects of Russian companies entering the African market and became a platform for the exchange of views and experiences.

Participating guests, packed in the small hall, included:

– representatives of business circles,

– entrepreneurs interested in new directions of development,

– employees of federal agencies curating foreign economic activity.

The presentation was held in a constructive and friendly atmosphere. The author of the book, Serge Fokas Odunlami, detailed the key ideas and conclusions presented in the publication. Particular attention was paid to the practical aspects of operating in the African market, as well as the analysis of opportunities and risks for Russian companies.

During the lively discussion, participants asked questions, shared their experiences and made suggestions for developing cooperation with African countries. This format allowed not only to get acquainted with the content of the book, but also to discuss topical issues of expanding business relations.

Meaning of the book: The publication, “Africa: a new market for Russian business” offers readers not only analytical, but also practical recommendations on investment and market trends, and how to enter the African market. The book will be a useful tool for those considering Africa as a promising destination for investment and business development.

The presentation of the book became a significant event for the Russian business community interested in expanding cooperation with Africa. Serge Fokas Odunlami introduced the participants to the new edition, which is a comprehensive business guide that gives an impetus for dialogue and implementation of joint entrepreneurial projects and corporate initiatives across Africa.

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Ryan Collyer Reveals Reasons Behind Africa’s Significant Energy Deficit

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Ryan Collyer Rosatom CEO

By Kestér Kenn Klomegâh

Perhaps Russia’s state nuclear corporation, Rosatom, is at the frontline, shaping Africa’s energy security. And African countries are also accelerating coordinated efforts to build nuclear power plants primarily to supply their energy, which will drive industrialisation and boost power capacity for domestic utilisation.

Energy experts say adopting nuclear can further support a diverse energy mix, reduce reliance on fossil fuels, and help across the continent. Over the past two decades, Russia has been collaborating with African countries, adopting energy initiatives to provide power to approximately half the continent’s population, and making it an important component of Africa’s future energy strategy and solutions. At this point, however, it is necessary to underline the irreversible fact that Russia’s ultimate goal is to ensure long-term African energy security.

In this interview, Rosatom’s Chief Executive Director for Central and Southern Africa, Ryan Collyer, reiterates the strategic importance of Russia-Africa’s energy cooperation through strengthening bilateral agreements on collaboration on the peaceful use of nuclear energy. Collyer explains that the Russian approach is its ability to offer an integrated solution, from technology and financing to training and localisation. According to him, partnerships must be built on mutual benefit and on the principle of transparency. Here follows the interview excerpts:

What are the expectations, specifically in the nuclear energy sphere, for Africa during the forthcoming Russia–Africa Summit scheduled for 2026?

The expectation is a clear shift from dialogue to delivery. Over the past few years, we have built a strong foundation through agreements, feasibility discussions and partnerships. The 2026 Russia–Africa Summit is an opportunity to demonstrate tangible progress.

In practical terms, I would expect greater focus on implementation readiness. That includes regulatory development, human capital, financing models and localisation strategies. We also expect to see more structured cooperation in areas like small modular reactors, which are particularly relevant for many African grids, as well as stronger emphasis on education and training partnerships. Ultimately, the success of the Summit will be measured by how many initiatives move from concept to execution.

Why, despite many bilateral agreements, is Africa still experiencing a significant energy deficit?

Africa’s energy deficit is not a result of a lack of ambition or agreements. It is primarily a question of scale, financing and infrastructure readiness. Energy projects, especially large-scale ones, require long-term investment, stable policy frameworks and strong institutional capacity. Many countries are working under fiscal constraints, and at the same time, demand is growing rapidly due to population growth and urbanisation. So, even when progress is made, it can be outpaced by rising demand.

It is also important to understand that many agreements are not meant to deliver immediate infrastructure. They are part of a longer preparation cycle, including feasibility studies, regulatory development and workforce training. Nuclear projects in particular are long-term by nature, and while this can be perceived as slow progress, it is actually a reflection of the level of diligence required.

How do you assess the contribution of nuclear energy to climate change mitigation and technological development in Africa?

Nuclear energy plays a dual role in Africa’s development, both as a clean energy source and as a driver of technological advancement. From a climate perspective, nuclear provides reliable, low-carbon electricity at scale. Africa needs a significant expansion of its energy capacity to support economic growth, and this growth must be both stable and sustainable.

Nuclear allows countries to increase power generation without increasing emissions, while ensuring a consistent baseload supply. At the same time, its impact goes beyond electricity. Nuclear technologies support medicine, agriculture, water management and industrial processes. Across Africa, they are already used in areas such as cancer treatment, food preservation and environmental monitoring, making nuclear a broader platform for sustainable development.

In this context, Rosatom offers integrated solutions across the full nuclear value chain. This includes large-scale and small modular reactors, as well as advanced non-power applications such as nuclear medicine and irradiation technologies. Our focus is on delivering practical, tailored solutions that support long-term development and local capacity building.

Is Africa unprepared to deal with nuclear waste, as some critics suggest?

I would say that preparedness varies across countries, but it would be inaccurate to suggest that the issue is being ignored. Responsible nuclear programmes require a comprehensive approach to waste management from the very beginning. This includes legal frameworks, regulatory oversight, storage solutions and long-term planning. These elements are part of international best practice and are supported by organisations such as the IAEA. What is true is that this topic is often undercommunicated in the public space. It should be discussed more openly, because transparency builds trust.

Countries that are serious about nuclear energy understand that waste management is not optional. It is a core component of the programme, and it is addressed in parallel with all other aspects of development. Rosatom offers comprehensive solutions for spent fuel and radioactive waste management. These include technologies for safe storage, transportation, reprocessing and recycling of nuclear materials. In fact, advanced reprocessing solutions allow for the reuse of valuable components of spent fuel, significantly reducing the volume of waste and improving the overall sustainability of the nuclear cycle.

Nuclear power remains controversial. Why do you believe it is important for Africa, and what role does it play in the energy mix?

Africa needs a balanced and pragmatic energy strategy. The conversation should not be about choosing one technology over another, but about building an energy mix that is reliable, affordable and sustainable. Renewables will play a critical role and are already expanding rapidly. However, they are variable by nature. For industrialisation, countries also need stable, continuous power that is baseload. This is where nuclear can make a meaningful contribution. A diversified energy mix that includes renewables, nuclear, hydropower and other sources allows countries to reduce risk, improve energy security and support long-term economic growth.

Nuclear is not the only solution, but it is an important part of a resilient system, especially for countries with growing industrial ambitions. In this context, Rosatom is able to support countries with integrated energy solutions that combine reliability, sustainability and long-term partnership models, tailored to national development priorities.

How can we shift public perception, given the legacy of Chornobyl and Fukushima?

We cannot rewrite history, and we should not try to. Events like Chornobyl and Fukushima shaped public perception for a reason. The starting point is respect for those concerns, not dismissal. At the same time, what is often missing in the conversation is what happened after those events. Chornobyl, in particular, fundamentally reshaped the entire philosophy of nuclear safety. It led to a complete rethinking of reactor design, emergency response, and regulatory oversight. Independent regulators were strengthened, safety responsibilities were clearly separated from operators, and safety culture became not just a principle but a legal requirement supported by continuous drills and probabilistic risk assessments.

Technologically, the industry also changed dramatically. Modern reactors are designed to withstand even worst-case scenarios, with multi-layered “defence-in-depth” systems, core melt traps, and passive safety mechanisms that rely on natural physical processes rather than human intervention. These are not incremental improvements. They are the direct result of lessons learned at a very high cost. But facts alone do not change perception. People do not build trust through reports. They build it through experience and transparency. That is why our approach in Africa is deliberately open.

We create opportunities for students, young professionals and journalists to visit nuclear facilities, research centres and training programmes. When people can see how systems operate, how safety is managed, and how seriously it is taken, the conversation becomes more grounded and less abstract. There is also an important human dimension that is often overlooked.

The history of Chornobyl is not only a story of tragedy. It is also a story of professionalism, responsibility and the people who managed the crisis and generated the knowledge that made today’s safety standards possible. Acknowledging that the full picture helps move the discussion away from fear alone toward understanding. At the same time, we need to broaden the narrative. Nuclear is not only about power generation. It is about cancer treatment, food security, water management and high-skilled employment. When communities begin to connect nuclear technology with real benefits in their own lives, it stops being an abstract risk and starts becoming a practical solution. Ultimately, perception does not change through persuasion. It changes through consistency. Through transparency, long-term engagement, and real-world impact.

What are your final thoughts on Russia’s preparedness to support Africa’s nuclear ambitions?

Russia has demonstrated that it is committed to long-term partnerships in Africa, particularly in the nuclear sector. We are already seeing concrete examples of cooperation in areas such as project development, education and skills transfer. The key strength of the Russian approach is its ability to offer an integrated solution, from technology and financing to training and localisation. Partnerships must be built on mutual benefit and transparency. Africa’s priorities are clear: energy security, economic development and local capacity building. Any partner that is ready to contribute to these goals consistently and practically will have a meaningful role to play. If we look country by country, the picture becomes even more interesting.

Take Ethiopia. This is a country thinking long-term about energy security and industrialisation. It has strong hydropower, but also understands the need to diversify. Ethiopia is prepared to take a big step towards nuclear energy. In Rwanda, the approach is different. It is focused on innovation and speed. There is a strong interest in small and flexible nuclear technologies, alongside active use of nuclear science in healthcare and agriculture. What stands out is the clarity of vision and pace of implementation.

Then, there is Namibia. As a major uranium producer, the question is how to move up the value chain. Partnerships can help connect resources to technology, skills and future energy applications. So, Russia’s role is not one-size-fits-all.

The real strength lies in adapting to each country’s strategy. If that continues, nuclear cooperation becomes not just about energy, but about shaping long-term technological development. Rosatom is one of the few global players capable of delivering the entire nuclear value chain. This includes reactor technologies, fuel supply, waste management solutions, including reprocessing, as well as long-term operational support and human capital development. This comprehensive capability is what allows us to move projects from concept to reality in a structured and sustainable way.

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